1110 Wakita
FHA Assumable
2.96% Rate
50 photos
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1110 Wakita

Colorado Springs, CO 80915

3
Bedrooms
2
Bathrooms
1,588
Sq Ft

Payment Calculator

$1,847per month

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$18,495
$18,495$125,097
Secondary Financing8.5% Rate
$106,602
Blended rate4.64% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$2,221/mo
Assumable @ 2.96% + gap
$1,847/mo
$375less per month
$375
per month
$4,495
per year
$134,862
over 30 years

🏦 Loan Details

List Price
$369,900
Assumable Rate
2.96%
Remaining Balance
$244,803
Loan Type
FHA
Est. Equity Gap
$125,097
Annual Taxes
$1,638

About This Home

A spacious cul-de-sac lot, and no HOA make this Cimarron Hills ranch-style home an exceptional find. Situated on just under one-third of an acre with no HOA and no restrictive covenants, this well-maintained property offers the freedom, space, and flexibility buyers are looking for. Inside, well-kept flooring flows through the entry and main living areas. The inviting great room features a wood-burning fireplace and walks out to an expansive covered concrete patio, perfect for entertaining, relaxing, and enjoying Colorado’s beautiful weather. The eat-in kitchen offers abundant cabinetry, a breakfast bar, generous workspace, and a separate walkout to the backyard, creating an easy connection between indoor and outdoor living. All three bedrooms are conveniently located on the main level, and each includes a walk-in closet. The primary suite features a private adjoining full bathroom, while main-level laundry adds everyday comfort and convenience. Outside, the fully fenced and xeriscaped backyard provides plenty of usable space with low-maintenance landscaping, a storage shed, and a covered patio designed for year-round enjoyment. Central air conditioning and an oversized two-car attached garage complete this functional and flexible home. With a large cul-de-sac lot, one-level living, no HOA this home offers a rare combination of comfort, value, and freedom in Cimarron Hills. Schedule your private showing and experience everything this property has to offer.

Data Source: REcolorado MLS

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$369,900
2.96% rateFHASave $1,070/mo

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